51-7-22.5. Enforcement. (1)Whenever it appears to the council that any person has engaged, is engaging, or is about to engage in any act or practice constituting a violation of this chapter or any rule issued under authority of this chapter: (a)the council may bring an action in a court with jurisdiction under Title 78A, Judiciary and Judicial Administration, or a court with jurisdiction in another state, to enjoin the acts or practices and to enforce compliance with this chapter or any rule under this chapter; and (b)upon a proper showing in an action brought under this section, the court may: (i)issue a permanent or temporary, prohibitory, or mandatory injunction; (ii)issue a restraining order or writ of mandamus or other extraordinary writ; (iii)enter a declaratory judgment; (iv)order disgorgement; (v)order rescission; (vi)impose a fine of not more than $50,000 for each violation of the chapter; or (vii)provide any other relief that the court considers appropriate. (2)An indictment or information may not be returned nor may a civil complaint be filed under this chapter more than five years after discovery of the alleged violation.
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